Sezzle (NASDAQ:SEZL) Reaches New 12-Month High at $181.98

Sezzle Inc. (NASDAQ:SEZL) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $181.98 and last traded at $181.98, with a volume of 4873 shares changing hands. The stock had previously closed at $176.97.

Analysts Set New Price Targets

SEZL has been the topic of several recent research reports. B. Riley increased their price target on shares of Sezzle from $132.00 to $163.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. Northland Securities reaffirmed an “outperform” rating and issued a $185.00 target price (up from $150.00) on shares of Sezzle in a report on Monday. Finally, Northland Capmk raised Sezzle to a “strong-buy” rating in a report on Tuesday, July 9th.

Sezzle Price Performance

The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 1.37. The firm’s fifty day moving average price is $118.69 and its 200 day moving average price is $88.67. The stock has a market cap of $1.00 billion and a PE ratio of 77.62.

Sezzle (NASDAQ:SEZL) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $2.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $1.33. The firm had revenue of $55.97 million during the quarter, compared to analyst estimates of $43.35 million. Sezzle had a return on equity of 84.38% and a net margin of 21.77%. As a group, equities analysts expect that Sezzle Inc. will post 6.71 EPS for the current fiscal year.

Insider Transactions at Sezzle

In related news, Director Paul Martin Purcell sold 500 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $127.12, for a total value of $63,560.00. Following the completion of the transaction, the director now directly owns 208,738 shares of the company’s stock, valued at $26,534,774.56. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director Paul Martin Purcell sold 500 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $127.12, for a total transaction of $63,560.00. Following the sale, the director now directly owns 208,738 shares in the company, valued at approximately $26,534,774.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Amin Sabzivand sold 1,500 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $147.10, for a total transaction of $220,650.00. Following the completion of the transaction, the chief operating officer now directly owns 51,748 shares of the company’s stock, valued at approximately $7,612,130.80. The disclosure for this sale can be found here. Insiders have sold 198,951 shares of company stock valued at $23,587,391 in the last ninety days. Corporate insiders own 57.65% of the company’s stock.

Hedge Funds Weigh In On Sezzle

Several large investors have recently modified their holdings of SEZL. Divisadero Street Capital Management LP purchased a new position in Sezzle during the second quarter worth $356,000. XTX Topco Ltd purchased a new position in shares of Sezzle during the 2nd quarter worth about $544,000. Rhumbline Advisers purchased a new position in shares of Sezzle during the 2nd quarter worth about $203,000. Bank of New York Mellon Corp bought a new position in Sezzle during the 2nd quarter valued at about $611,000. Finally, Vanguard Group Inc. bought a new stake in Sezzle in the first quarter worth about $13,369,000. Institutional investors own 2.02% of the company’s stock.

Sezzle Company Profile

Sezzle Inc operates as a technology-enabled payments company primarily in the United States and Canada. The company provides payment solution in-store and at online retail stores; and through proprietary payments solution that connects consumers with merchants. It also offers Sezzle Platform that provides a payments solution for consumers that extends credit at the point-of-sale allowing consumers to purchase and receive the ordered merchandise at the time of sale while paying in installments over time; Pay-in-Four, which allows consumers to pay a fourth of the purchase price up front and then another fourth of the purchase price every two weeks thereafter over a total of six weeks; Pay-in-Full that allows consumers to pay for the full value of their order up-front through the Sezzle Platform without the extension of credit; and Pay-in-Two and other alternative installment options, which allow consumer to pay half of the value of their order up-front and the second half in two weeks.